Geopolitical tensions in the Middle East will be a major focus next week, following Israel's attack on Iran's nuclear facilities, which has intensified concerns about the potential for a wider regional conflict. Investors and analysts will also be closely monitoring any progress in trade negotiations between the United States and its key partners. Simultaneously, the G7 Summit in Canada will draw attention, as leaders from the world's largest economies convene to address significant global issues.
In addition, this week is notable for several monetary policy announcements. The Federal Reserve, the People's Bank of China, the Bank of Japan, and the Bank of England are all predicted to maintain current interest rates. Central banks in Switzerland, Sweden, Norway, Turkey, Brazil, Indonesia, the Philippines, and Taiwan are also scheduled to make policy decisions.
Regarding economic data, key reports to watch include US retail sales and industrial production figures, UK inflation statistics, the ZEW economic sentiment index from Germany, as well as China’s industrial production and retail sales data. Additionally, Japan's trade data will be released, offering further insights into the global economic landscape.
